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Determine actual hours worked, actual purchase prices

Standard direct-labor rate $14.00
Actual direct-labor rate $12.20
Standard direct-labor hours 12,000
Direct-labor quantity varianceâ?"unfavorable $9,800
Standard unit price of materials $4.50
Actual quantity purchased and used 1,800
Standard quantity allowed for actual production 1,650
Materials purchase price varianceâ?"favorable $198

1. Evaluate the actual hours worked rounded to the nearest hour.
2. Find the actual purchase price per unit of materials, rounded to the nearest penny.

HR Management, Management Studies

  • Category:- HR Management
  • Reference No.:- M9730892

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